Q. With reference to the Monetary Policy Committee (MPC) consider the following statements:
1.The aim of MPC is to improve the economic growth and the GDP of the country.
2.It is a five-member body and it is chaired by Finance Minister of India.
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A
Notes:

Monetary Policy Committee (MPC) aims to improve the economic growth and the GDP of the country. It is a six-member body and it is chaired by the RBI Governor.

Source: The Hindu

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